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Textile Recycling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 141 pages | ID: TC5DCB81A57FEN
IMARC Group

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Market Overview:

The global textile recycling market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2028, exhibiting a growth rate (CAGR) of 2.85% during 2023-2028.

Textile recycling refers to the method of reprocessing and reusing old clothing, scraps, and fibrous waste materials. Generally, these materials are recovered from discarded clothes, carpets, furniture, tires, footwear, and other non-durable goods, such as towels and sheets. Textile recycling offers several environmental and economic benefits, such as reducing land and water pollution, minimizing dependence on virgin fibers, curbing usage of chemical dyes, and optimum consumption of energy and water. In recent times, it has emerged as an effective method for sustainability development in the apparel industry. Owing to these benefits, recycled textiles find wide applications across several end-use industries, including apparel, home furnishings, and other industrial sectors, such as retail, automotive, mining, building, construction, etc.

The increasing demand for recycled textile is primarily driven by the rising environmental concerns towards the detrimental impact of waste incineration, heavy industrial discharges from textile mills, and depletion of raw materials, such as silk, wool, etc. Furthermore, the growing production of synthetic and polyester fabrics have led to the high emission levels of greenhouse gases, thereby fueling the need for recycled fabrics on a global level. Apart from this, the growing public awareness towards the importance of recycling old clothes coupled with the increasing number of collection bins for cloth sorting, have further propelled the market growth. Additionally, various recycling companies are launching informative initiatives regarding textile recycling along with introducing door-to-door pickup programs for old garments. Furthermore, these companies are also adopting innovative strategies for picking up post-consumer clothing materials by installing attractive cloth bins in public places such as parking spaces, parks, shopping malls, walkways, and other high visibility locations. In addition to this, several technological upgradations supported by the rising penetration of automation in the recycled textile industry have also catalyzed the market growth. For instance, Textile for Textile (T4T), an eco-innovation initiative by the European Commission, has led to the introduction of near-infrared (NIR)-spectroscopy technology for performing automated sorting applications in the recycled textile sector. Moreover, the emergence of eco-clothes that are made up of recycled textiles, plastics, and other organic raw materials have helped in waste reduction and resulted in minimal landfill space, and low dependency on virgin resources, such as cotton and wool. All the above-mentioned factors will continue to fuel the growth of the global textile recycling market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global textile recycling market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, textile waste, distribution channel and end-use.

Breakup by Product Type:

Cotton Recycling
Wool Recycling
Polyester & Polyester Fiber Recycling
Nylon & Nylon Fiber Recycling
Others


Breakup by Textile Waste:

Pre-consumer Textile
Post-consumer Textile


Breakup by Distribution Channel:

Online Channel
Retail & Departmental Store


Breakup by End-Use:

Apparel
Industrial
Home Furnishings
Non-woven
Others


Breakup by Region:

North America

United States
Canada

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Turkey
Saudi Arabia
Others


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Anandi Enterprises, American Textile Recycling Service, Boer Group Recycling Solutions, I:Collect GmbH, Infinited Fiber Company, Patagonia, Prokotex, Pure Waste Textiles, Retex Textiles, Unifi, Inc., etc.

Key Questions Answered in This Report

1. What was the global textile recycling market size in 2022?
2. What will be the global textile recycling market outlook during the forecast period 2023-2028?
3. What is the impact of COVID-19 on the global textile recycling market?
4. What are the major global textile recycling market drivers?
5. What are the major global textile recycling market trends?
6. What is the global textile recycling market breakup by product type?
7. What is the global textile recycling market breakup by textile waste?
8. What is the global textile recycling market breakup by distribution channel?
9. What is the global textile recycling market breakup by end use?
10. What are the major regional markets in the global textile recycling industry?
11. Who are the leading global textile recycling industry players?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL TEXTILE RECYCLING MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Cotton Recycling
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Wool Recycling
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Polyester & Polyester Fiber Recycling
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Nylon & Nylon Fiber Recycling
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY TEXTILE WASTE

7.1 Pre-consumer Textile
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Post-consumer Textile
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY DISTRIBUTION CHANNEL

8.1 Online Channel
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Retail & Departmental Store
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY END USE

9.1 Apparel
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Industrial
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Home Furnishings
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Non-woven
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Turkey
    10.5.1.1 Market Trends
    10.5.1.2 Market Forecast
  10.5.2 Saudi Arabia
    10.5.2.1 Market Trends
    10.5.2.2 Market Forecast
  10.5.3 Others
    10.5.3.1 Market Trends
    10.5.3.2 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Anandi Enterprises
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 American Textile Recycling
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 Boer Group Recycling Solutions
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 I: Collect
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Infinited Fiber Company
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 Patagonia
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 Prokotex
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Pure Waste Textiles
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 Retex Textiles Inc.
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Unifi Inc.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Textile Recycling Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Textile Recycling Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Textile Recycling Market Forecast: Breakup by Textile Waste (in Million US$), 2023-2028
Table 4: Global: Textile Recycling Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Textile Recycling Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 6: Global: Textile Recycling Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Textile Recycling Market: Competitive Structure
Table 8: Global: Textile Recycling Market: Key Players

LIST OF FIGURES

Figure 1: Global: Textile Recycling Market: Major Drivers and Challenges
Figure 2: Global: Textile Recycling Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Textile Recycling Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Textile Recycling Market: Breakup by Textile Waste (in %), 2022
Figure 5: Global: Textile Recycling Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Textile Recycling Market: Breakup by End-Use (in %), 2022
Figure 7: Global: Textile Recycling Market: Breakup by Region (in %), 2022
Figure 8: Global: Textile Recycling Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Textile Recycling (Cotton Recycling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Textile Recycling (Cotton Recycling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Textile Recycling (Wool Recycling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Textile Recycling (Wool Recycling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Textile Recycling (Polyester & Polyester Fiber Recycling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Textile Recycling (Polyester & Polyester Fiber Recycling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Textile Recycling (Nylon & Nylon Fiber Recycling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Textile Recycling (Nylon & Nylon Fiber Recycling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Textile Recycling (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Textile Recycling (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Textile Recycling (Pre-consumer Textile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Textile Recycling (Pre-consumer Textile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Textile Recycling (Post-consumer Textile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Textile Recycling (Post-consumer Textile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Textile Recycling (Online Channel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Textile Recycling (Online Channel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Textile Recycling (Retail & Departmental Store) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Textile Recycling (Retail & Departmental Store) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Textile Recycling (Apparel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Textile Recycling (Apparel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Textile Recycling (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Textile Recycling (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Textile Recycling (Home Furnishings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Textile Recycling (Home Furnishings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Textile Recycling (Non-woven) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Textile Recycling (Non-woven) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Textile Recycling (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Textile Recycling (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia Pacific: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia Pacific: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Turkey: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Turkey: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Saudi Arabia: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Saudi Arabia: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Others: Textile Recycling Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Others: Textile Recycling Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Global: Textile Recycling Industry: SWOT Analysis
Figure 92: Global: Textile Recycling Industry: Value Chain Analysis
Figure 93: Global: Textile Recycling Industry: Porter’s Five Forces Analysis


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